Guideline Value for Suraththamman koil 3rd street

Suraththamman koil 3rd street guideline value

The current guideline value of Suraththamman koil 3rd street is Rs 2,200 per sq.ft. This street is located in Peerklankaranai village, under the Tambaram Joint 1 SRO. The land classification for this area is Residential Special Type - I.

How the guideline value of Suraththamman koil 3rd street has changed

The guideline value for Suraththamman koil 3rd street has undergone several revisions over the years. The earliest recorded revision is from 2012, where the value was Rs 2,000 per sq.ft. In the following revision in 2017, the value decreased to Rs 1,340 per sq.ft, marking a decline of 33%. The 2023 revision saw an increase to Rs 2,000 per sq.ft, followed by a further increase to Rs 2,200 per sq.ft in 2024, reflecting a 10% rise from the previous year.

From 2012 to 2024, the overall change in the guideline value is an increase of 10%. The 2023 to 2024 revision shows a 10% increase, while the 2017 to 2023 period experienced a significant rise of 49%. Notably, there are no recorded figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Peerklankaranai

In Peerklankaranai, there are 322 streets under the Tambaram Joint 1 SRO with a 2024 guideline value ranging from Rs 880 to Rs 4,400 per sq.ft. The median value among these streets is Rs 1,650 per sq.ft, placing the Suraththamman koil 3rd street's 2024 value above this median.

• Suraththamman koil 2nd street: Rs 2,200 per sq.ft (2024)
• Suraththamman koil Ext 1nd cross street: Rs 2,200 per sq.ft (2024)
• Suraththamman koil 2nd cross street: Rs 2,200 per sq.ft (2024)
• Suraththamman koil Ext 2nd cross street: Rs 2,200 per sq.ft (2024)
• Suraththamman koil 1st street: Rs 2,200 per sq.ft (2024)
• Swami Viveganandhar Street: Rs 2,200 per sq.ft (2024)

Stamp duty and registration fee for property in Suraththamman koil 3rd street

For a 1,000 sq.ft plot at the current guideline value of Rs 2,200 per sq.ft, the total guideline value amounts to Rs 22,00,000. The stamp duty at 7% would be Rs 1,54,000, and the registration fee at 2% would be Rs 44,000, totaling Rs 1,98,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Suraththamman koil 3rd street?

The Sub Registrar Office that covers Suraththamman koil 3rd street is the Tambaram Joint 1 Sub Registrar Office, located at No.26, mes Road, East Tambaram, Chennai-600059, in the Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Peerklankaranai

The guideline value is a crucial factor in property transactions, as it determines the minimum value at which a property can be registered. When buying or selling property in Peerklankaranai, the guideline value is used to calculate the stamp duty and registration fees, ensuring compliance with local regulations.

Frequently asked questions

What is the current guideline value of Suraththamman koil 3rd street?

The current guideline value of Suraththamman koil 3rd street is Rs 2,200 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 2,000 per sq.ft in 2012 to Rs 1,340 per sq.ft in 2017, then back to Rs 2,000 per sq.ft in 2023, and finally to Rs 2,200 per sq.ft in 2024.

What is the land classification of Suraththamman koil 3rd street?

The land classification for Suraththamman koil 3rd street is Residential Special Type - I, indicating its suitability for residential development.

Which office handles registrations for this area?

The Tambaram Joint 1 Sub Registrar Office handles registrations for Suraththamman koil 3rd street, located at No.26, mes Road, East Tambaram, Chennai-600059.

How is the stamp duty calculated for properties in this area?

Stamp duty is calculated based on the guideline value or the sale price, whichever is higher. For example, a property valued at Rs 22,00,000 would incur a stamp duty of Rs 1,54,000 at 7%.